The company reported standalone net profit of Rs 1.01 crore for the quarter ended December 31, 2017 as compared to Rs 1.42 crore in the same period last year, registering a year-on-year decline of 28.87 per cent.
Net revenue of the company rose marginally by 2.15 per cent at Rs 17.59 crore in October-December quarter of this fiscal as against Rs 17.22 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 15.41 per cent to Rs 10.65 crore from Rs 12.59 crore in year ago period.
Other Income grew by 205.36 per cent at Rs 1.71 crore versus (Dec'16 Rs 0.56 crore).
Operating Profit slipped by 7.96 per cent to Rs 6.94 crore as against Rs 7.54 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 9.91 per cent in December quarter.
Interest declined by 7.39 per cent y-o-y to Rs 2.63 crore, while Taxation increased by 108.33 per cent at Rs 1.25 crore (Dec'16 Rs 0.60 crore).